Should You "Bunch" Medical Expenses
expenses that aren't reimbursable by insurance or paid through
a tax-advantaged account (such as a Health Savings Account or
Flexible Spending Account) may be deductible -
but generally only to the extent that they exceed 10% of your
adjusted gross income.
Taxpayers age 65 and older can enjoy a 7.5% floor through
2016. The floor for alternative minimum tax purposes, however,
is 10% for all taxpayers.
By "bunching" non-urgent medical procedures and other
controllable expenses into alternating years, you may
increase your ability to exceed the applicable floor.
Controllable expenses might include prescription drugs,
eyeglasses and contact lenses, hearing aids, dental work, and
If it's looking like you're close to exceeding the floor in
2015, consider accelerating controllable expenses into this
year. But if you're far from exceeding it, to the extent
possible (without harming your or your family's health),
you might want to put off medical expenses until next year,
in case you have enough expenses in 2016 to exceed the floor.
For more information on how to bunch deductions or exactly
what expenses are deductible, please contact us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,